THAILAND could be set for a fragile economic recovery, as foreign tourism revenues remain missing and the economy continues to operate under its capacity, a Bank of America (BofA) Global Research report has suggested. This comes as August indicators revealed that the Thai economy remained sluggish on both the internal and external fronts, BofA economists said. The private […]
Read MoreThe government looks set to introduce fresh stimulus measures, particularly aiming to spur spending by middle- and high-income earners and boost private investment. Deputy Prime Minister Supattanapong Punmeechaow said the new measures will be based on the co-payment principle and include the features of the Taste-Shop-Spend scheme, which involves cash giveaways and cash rebates, or […]
Read MoreThailand’s GDP contraction is expected to be less severe because of the resumption of economic activity, but the government should be more assertive in shoring up public and private consumption to compensate depressed exports and tourism, says JP Morgan Thailand. The full-year economic contraction has been upgraded to -3% from -9%, as the easing of […]
Read MoreThailand has kick-started efforts to forge a free trade agreement (FTA) with the European Free Trade Association (Efta), a regional trade bloc consisting of Iceland, Liechtenstein, Norway and Switzerland. Auramon Supthaweethum, director-general of the Trade Negotiations Department, said on Wednesday after a seminar dubbed “Efta New Market in New Normal”, the department hired the Institute of […]
Read MoreIn keeping with projections that the economy will take about three years to fully recover, Berli Jucker (BJC) has lowered its retail investment for the next three years. Aswin Chareonvikul, chief executive of the SET-listed consumer goods maker and operator of Big C hypermarkets, said yearly spending for Big C Supercenter will be cut to […]
Read MoreThailand’s manufacturing production index (MPI) in August rose for the fourth consecutive month, increasing by 4.8% from July to 91.43 points. The increase, which was mainly driven by high demand for fertilisers, home appliances and canned food as well as furniture exports, follows a prediction by Industry Minister Suriya Jungrungreangkit, who earlier said Thai industry […]
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